FT · 2026-11-03 05:00 UTC

North Korean hackers expected to take months to launder stolen Binance billions

North Korean hackers stole $6.3bn from Binance; $3.3bn remains under their control after some tokens were frozen. Analysts expect the laundering process to take months or longer despite the hackers using automated tools and splitting funds across thousands of wallets. Hackers are converting stolen tokens through DeFi platforms and the Tron blockchain, with each dollar moving nine times by the weekend.

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